Thai Rak Thai Party

The Thai Rak Thai Party (TRT) was a conservative and populist political party in Thailand that was founded on 14 July 1998 by Thaksin Shinawatra. It appealed to indebted farmers suffering due to the 1997 Asian financial crisis, and it promised a strong economic recover for farmers, rural villages, and struggling businesses. The party won the 2001 legislative election by a landslide, and, for the first time, a single party held over half of the seats in the House of Representatives. The party was accused of fostering corruption, leading to a 2006 military coup. The Constitutional Tribunal had the party dissolved on 30 May 2007, and it was succeeded by the People's Power Party.